Tag: represents

Technology stocks across the region were under pressure, including many Huawei partners and suppliers. Taiwan’s major tech names also struggled: Catcher Technology fell 9.89 percent, Taiwan Semiconductor was down 2.65 percent, Largan Precision lost 9.94 percent and iPhone assembler Hon Hai dropped 3.63 percent. “Huawei equipment is more widely used (than ZTE is) by carriers around the world, including in Europe and Africa,” they said. ZTE shares listed in Hong Kong were down 5.94 percent on the

Shares of Nikkei heavyweight SoftBank Group fell 4.93 percent. Last year, SoftBank and Huawei jointly demonstrated potential use of the next generation of high-speed mobile internet; SoftBank is taking its mobile unit public on Dec. 19.

Analysts at Jefferies pointed out that Huawei has a major global presence in various technology areas such as telecommunications equipment, semiconductors, smartphones and cloud computing. It also represents a major growth driver for many tech manufacturers.

Huawei’s Meng, who is the daughter of the company’s founder, faces extradition to the U.S., according to Canada’s Department of Justice.

While the arrest represents a new escalation in American efforts to hold Chinese companies accountable for violation of U.S. laws, it is likely to elicit an angry reaction from Beijing, according to Eurasia Group.

“The investigation of Huawei could be a prelude to further action against the firm and its senior officials,” the Eurasia Group analysts said, adding that if the U.S. places a sudden ban on Huawei equipment, like it did with ZTE, the impact would be much greater.

“Huawei equipment is more widely used (than ZTE is) by carriers around the world, including in Europe and Africa,” they said.

ZTE shares listed in Hong Kong were down 5.94 percent on the day.

Both Huawei and ZTE are restricted from selling telecoms equipment in the U.S. due to what the U.S. describes as national security concerns.

Your peak earning years may be closer than you think. PayScale also found that when you earn the most during your career depends on your gender: Pay growth for college-educated women essentially stops around age 40. However, a shift occurs at age 34, when women’s earning growth starts to slow and men’s remains steady. Blue represents pay growth for men and orange represents pay growth for women. Here’s the full break down of the median pay by age and gender for full-time workers with a Bachelor’

Your peak earning years may be closer than you think. According to compensation research firm PayScale, full-time workers with Bachelor’s degrees tend to make the most money in their 40s and 50s.

PayScale also found that when you earn the most during your career depends on your gender: Pay growth for college-educated women essentially stops around age 40. For college-educated men, wages continue to grow for another decade and peak in their early 50s.

Male college graduates earn more from the get-go: They bring home a median salary of $50,700 at age 22, while their female counterparts earn $39,500 per year, for a difference of $11,200.

From ages 22 to 33, women’s pay actually grows slightly faster than men’s. However, a shift occurs at age 34, when women’s earning growth starts to slow and men’s remains steady.

By age 41, college-educated women see their salaries peak at about $61,000. Meanwhile, men continue seeing increases up until age 53, at which point they’re earning about $95,000.

“The smallest gap in raw wages occurs at age 25 (with the typical working man earning $10,600 than the typical working woman), and is largest at age 54 (when the typical man earns $32,800 more than the typical woman),” Payscale reports.

PayScale’s chart maps out the percent growth in pay by gender from age 22 to 67. Blue represents pay growth for men and orange represents pay growth for women.

The data “only represents wages for those who remain in the workforce,” PayScale notes. “The fall in wages for both genders over the age of 60 is likely due to people dropping out of the workforce due to retirement.”

Here’s the full break down of the median pay by age and gender for full-time workers with a Bachelor’s degree. PayScale surveyed 972,788 U.S. workers between July 2015 and July 2018:

Income inequality is a persistent, growing problem in the United States, the Economic Policy Institute reports, and it’s gotten worse “in every state since the 1970s.” Americans in the top 1 percent of earners make an average of $1.32 million per year, compared to those in the bottom 99 percent, who earn just $50,107. In the chart below, the blue dot represents the average annual income for those in the bottom 99 percent and the red dot represents average annual income for those in the top 1 per

Income inequality is a persistent, growing problem in the United States, the Economic Policy Institute reports, and it’s gotten worse “in every state since the 1970s.” Americans in the top 1 percent of earners make an average of $1.32 million per year, compared to those in the bottom 99 percent, who earn just $50,107.

“In 2015, a family in the top 1 percent nationally received, on average, 26.3 times as much income as a family in the bottom 99 percent,” the EPI reports.

To find out where people in the top 1 percent make the most compared to those in the bottom 99 percent, How Much used EPI data to plot the average annual income for top earners in each state against that of the rest of the earners there.

In the chart below, the blue dot represents the average annual income for those in the bottom 99 percent and the red dot represents average annual income for those in the top 1 percent. The gray bar in between represents the size of the gap: The longer the bar, the larger the distance between the groups.

How Much: Income inequality in the United States.

Here are the top 10 places with the highest income inequality in the U.S.:

“For many, Patek Philippe is religion,” says John Reardon, international head of watches at Christie’s. “Patek Philippe represents the finest watches human kind … can make or has made or will make, but actually represents the best of the best whether it was 150 years ago or today.” But with a sterling reputation also comes an eye-catching price tag. At the Tiffany & Co. flagship store off New York’s Fifth Avenue, the Patek Philippe 5271p Grand Complications will set you back $260,825 — before

Of course, for watch enthusiasts, the brand, founded in 1839, is not a new discovery; it has long been the preeminent mark of luxury.

“For many, Patek Philippe is religion,” says John Reardon, international head of watches at Christie’s. “Patek Philippe represents the finest watches human kind … can make or has made or will make, but actually represents the best of the best whether it was 150 years ago or today.”

The brand has set itself apart with a unique combination of craftsmanship and utility, featuring some of the most complicated functions found in mechanical watches, such as perpetual calendars and double chronographs.

But with a sterling reputation also comes an eye-catching price tag. At the Tiffany & Co. flagship store off New York’s Fifth Avenue, the Patek Philippe 5271p Grand Complications will set you back $260,825 — before taxes. Historic pieces often set records. A 1930 Patek Philippe pocket watch sold at auction in 2014, was hailed by Sotheby’s as the most expensive watch ever sold at auction at the time, with a final price tag of $24 million.

We already let you in on how much the top 1 percent earn, but the top 0.01 percent of U.S. earners are in an entirely different league. According to a new Economic Policy Institute (EPI) report, to be in the top 0.01 percent nationally, a family needs an annual income of $9.77 million. And that number just represents the threshold — the average income of this elite group nationwide is $32.32 million. Read on to see just how much money the 1 percent of the 1 percent make a year in each U.S. state

We already let you in on how much the top 1 percent earn, but the top 0.01 percent of U.S. earners are in an entirely different league.

According to a new Economic Policy Institute (EPI) report, to be in the top 0.01 percent nationally, a family needs an annual income of $9.77 million. And that number just represents the threshold — the average income of this elite group nationwide is $32.32 million.

Read on to see just how much money the 1 percent of the 1 percent make a year in each U.S. state.

Shares of Amazon ticked lower on Wednesday despite the e-commerce giant reporting its annual Prime Day was its biggest sales event ever. Coresight Research had forecast Prime Day sales to hit at least $3.4 billion. A company spokeswoman also told CNBC on Tuesday morning that “Prime Day sales in the U.S. so far are bigger than ever – in fact, in the first ten hours Prime Day grew even faster, year-over-year, than the first ten hours last year.” Feedvisor also said Prime Day sales in the first 12

Shares of Amazon ticked lower on Wednesday despite the e-commerce giant reporting its annual Prime Day was its biggest sales event ever.

The stock fell 0.1 percent after closing at a record high in the previous session.

Amazon said more than 100 million products were sold during the event, adding it was the company’s “biggest in history.” However, it was not initially clear how much that represents in actual revenue.

Coresight Research had forecast Prime Day sales to hit at least $3.4 billion. Early indications of the event had been positive.

Amazon said in a press release late Tuesday that small and medium-sized businesses had sold more than $1 billion in since Monday, when the event started. A company spokeswoman also told CNBC on Tuesday morning that “Prime Day sales in the U.S. so far are bigger than ever – in fact, in the first ten hours Prime Day grew even faster, year-over-year, than the first ten hours last year.” Feedvisor also said Prime Day sales in the first 12 hours of the event rose 89 percent compared to last year’s sales event.

Separately, Piper Jaffray raised its price target on Amazon to $2,075 from $1,850 late Tuesday. The new forecast represents a 13 percent gain from Tuesday’s close. Piper cited strength in Amazon’s AWS business, rather than the retail unit, as reason for the increased upside over the coming 12 months.

Prime Day got off to a rough start, however, as a massive glitch redirected shoppers away from the deals to pictures of dogs.

The sales event has historically been a positive catalyst for Amazon’s stock. Amazon averages a return of 1.91 percent five days after Prime Day, outperforming the S&P 500 in that time period, according to CNBC analysis using Kensho.

Kim Jong Un’s historic meeting with President Donald Trump will change the North Korean leader’s standing in the world, a specialist on U.S.-Korea relations said Monday. “This is essentially the normalization of Kim Jong Un and North Korea on the international stage,” Scott Snyder, director of the program on U.S.-Korea policy at the Council on Foreign Relations, told CNBC’s “Worldwide Exchange.” Snyder, also senior fellow for Korea studies at CFR, cautioned that “normalization” could come with “

Kim Jong Un’s historic meeting with President Donald Trump will change the North Korean leader’s standing in the world, a specialist on U.S.-Korea relations said Monday.

“This is essentially the normalization of Kim Jong Un and North Korea on the international stage,” Scott Snyder, director of the program on U.S.-Korea policy at the Council on Foreign Relations, told CNBC’s “Worldwide Exchange.”

Snyder, also senior fellow for Korea studies at CFR, cautioned that “normalization” could come with “consequences.” Therefore, the Trump administration’s challenge will be to ensure the U.S. is not normalizing the isolated country as a nuclear weapons state, he said.

Earlier Monday, Secretary of State Mike Pompeo said the summit between Trump and Kim, which begins Tuesday in Singapore (Monday night EDT), is “truly a mission of peace.” He added that the United States is “eager” to see if Kim is “sincere” about denuclearization.

Sanctions on North Korea would remain in place until that had happened, Pompeo added. “If diplomacy does not move in the right direction … those measures will increase.”

Trump and Kim arrived in the Southeast Asian city-state on Sunday.

Trump said over the weekend he’s confident “something positive will happen” and expects that “Kim Jong Un wants to do something great for his people, and he has that opportunity.”

The president has said he wants to strike a deal to get the North to give up its nuclear weapons.

John Park, director of the Korea Working Group and adjunct lecturer at the Harvard Kennedy School, told CNBC’s “Squawk Box” the summit is meant to get something on the table between the two counties. He said he expects more “ups and downs” following the meeting.

Park said the world will be watching for some sort of joint declaration between Trump and Kim as well as the official launch of the denuclearization of North Korea.

The world’s biggest sporting event will benefit Twitter shares, according to one Wall Street firm. MKM Partners reiterated its buy rating for Twitter’s stock, predicting a big sales boost from the World Cup this summer. Sanderson raised his price target to $43 from $40 for Twitter shares, representing 24 percent upside to Thursday’s close. The FIFA World Cup will be held in Russia from June 14 to July 15. The analyst noted that Fox Sports will put every World Cup goal on its Twitter feed.

The world’s biggest sporting event will benefit Twitter shares, according to one Wall Street firm.

MKM Partners reiterated its buy rating for Twitter’s stock, predicting a big sales boost from the World Cup this summer.

“The Internet advertising environment appears to remain robust entering mid-year,” analyst Rob Sanderson said in a note to clients Friday. “We think the World Cup can be a more meaningful driver for TWTR than in 2014 because … the service is much improved than four years ago.”

The analyst noted that Fox Sports will put every World Cup goal on its Twitter feed. International now represents 48 percent of Twitter’s sales versus just 33 percent four years ago.

“We still think there is potential for mass-market adoption in the future which could revalue the company significantly higher, in our view,” he said. “We think this represents option value and is not part of our investment thesis at this time.”

Twitter is one of the best performing stocks in the market this year. Its shares are up 44.5 percent through Thursday versus the S&P 500’s 1.2 percent gain.

Having said that, U.S. oil output approaches 11 million barrels per day, and crude oil production exceeds that of Saudi Arabia and could surpass the world’s largest producer, Russia, sometime next year. Despite that, the geopolitical risk premium in oil has driven crude prices to nearly four-year highs and shows no signs of abating. And so many interests benefit from higher oil prices; it appears there is a part of the world ready, and willing, to accept much more expensive energy. Regime change

Having said that, U.S. oil output approaches 11 million barrels per day, and crude oil production exceeds that of Saudi Arabia and could surpass the world’s largest producer, Russia, sometime next year.

Despite that, the geopolitical risk premium in oil has driven crude prices to nearly four-year highs and shows no signs of abating. And so many interests benefit from higher oil prices; it appears there is a part of the world ready, and willing, to accept much more expensive energy.

This array of developments comes just as the summer driving season begins in the U.S., meaning that consumers should expect higher prices at the pump, certainly in excess of $3 per gallon, on average, and possibly much higher.

The U.S. exit from the Iranian nuclear deal, the unprecedented exchange of rocket attacks between Iranian and Israeli forces and the general belief among the U.S., Saudi Arabia and Israel that Iran’s regional expansion needs to be stopped all argue for a continued rise in the price of crude.

The Trump Administration’s plan to re-impose sanctions on Iran, and apply additional pressure on the Iranian regime, has heightened the fear that Iran will sponsor more terror attacks against Western targets, while its surrogates in both Syria and Lebanon (Hezbollah), will work to further destabilize the region, leading to an outright military confrontation between the sides.

It is becoming increasingly clear that Washington, Jerusalem and Riyadh are united in their desire to thwart any further territorial, or nuclear, ambitions Tehran may, or may not, harbor.

Certainly, Iran was said by U.S. intelligence and by U.S. allies, to be in compliance with the nuclear accord, but the U.S. walked away anyway.

Indeed, there is growing speculation among foreign policy experts that this administration wants to foment rebellion within Iran, by crippling its already weak economy and ushering in regime change.

It’s a notion that seems to be supported by the words and actions of Israel’s president, Benjamin Netanyahu and Saudi Arabia’s de facto leader, Mohammad bin Salman.

Despite President Trump’s criticism of the Bush administration’s “nation building” in Iraq, the newly installed hawks in this White House, some would argue, harbor no such hesitation when it comes to Iran.

However, unlike Iraq, the Iranian regime has not just greater control over the nation as a whole, but also control of a much more skilled military in the form of the Revolutionary Guard, Iran’s most elite and lethal force.

Regime change in Iran, if indeed that is the goal of this triumvirate, is not a given by any means.

Today, tech sector equities comprise nearly 30 percent of all large-cap mutual fund portfolios; this is an accident waiting to happen. This represents the largest “overweight” relative to traditional benchmarks, relative to other large-cap sectors, in two decades. This represents, too, nothing more than a passive overdose on big tech, setting up large downside risk. Of course, who could possibly forget the great gorging on the financial sector heading into the crisis? Today, the tech sector’s la

Investors have been stuffing themselves on a Thanksgiving feast full of technology stocks. Today, tech sector equities comprise nearly 30 percent of all large-cap mutual fund portfolios; this is an accident waiting to happen.

This represents the largest “overweight” relative to traditional benchmarks, relative to other large-cap sectors, in two decades. This represents, too, nothing more than a passive overdose on big tech, setting up large downside risk.

This development causes me to hearken back a decade.

Of course, who could possibly forget the great gorging on the financial sector heading into the crisis? Leading into 2007, banks and insurance companies comprised nearly 24 percent of the S&P 500. Today, the tech sector’s large market weighing puts it up near 26 percent of the market’s total capitalization.